On Market 2021-2029 S. Ruble St.,
Chicago, IL

2021-2029 S. Ruble St.

Neighborhood

Pilsen

Number of Units

8

Price

$1,500,000

Highlights

  • 5 Contiguous Parcels
  • Four (4) 2-Flats & One (1) Vacant lot
  • Eight (8) Apartments
  • Studio and 1- Bedroom Apartment Layouts
  • RT-4 Zoning
  • Vast Array of Multifamily Development Options

Description

Essex Three-Twelve, LLC. has been exclusively retained to market for sale, The Ruble Portfolio, located in the Pilsen neighborhood of Chicago. The portfolio includes five contiguous properties ideally positioned for redevelopment at 2021-2029 South Ruble Street.

Currently, there are four multifamily apartment buildings (2-flats) and two garages situated on the offering. The units are a mix of studio and 1-bedroom apartments in various stages of updates and are currently leased. The gross land area is approximately 12,000 square feet and is presently zoned RT-4.

The Pilsen neighborhood is one of the most active and vibrant markets in Chicago, and it is extremely rare to have the opportunity to acquire approximately 12,000 contiguous square feet. The current zoning allows an investor or developer a vast array of development options in this prime location.

Listed By: Ryan Blake

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